Source: Business Insider
Santa Clara County, home to Silicon Valley, is considering a basic-income pilot that would give $1,000 per month to young adults transitioning out of foster care. High housing costs and a lack of affordable housing have made these adults vulnerable to homelessness . Like the basic-income trial in Stockton , California, the pilot would test whether guaranteeing free money to citizens improves their quality of life. Visit Businessinsider.com for more stories . Silicon Valley seems to be ever more curious about basic income. The idea of providing a financial safety net in the form of free money has gained favor among Facebook co-founder Mark Zuckerberg, Slack co-founder Stewart Butterfield, and former Y Combinator president Sam Altman. Now, the county government may try it out. Santa Clara County is considering a basic-income pilot for young adults who have either left or are preparing to leave the foster-care system, The Mercury News reported . The county has suggested giving these residents $1,000 per month for one to two years to them help start their adult lives.